Capital Gain u/s 54 & 54F
This query is : Resolved
Shrinivas U Prabhune
(Querist)
30 June 2011
I have sold 2 properties 1 is land and other is a residential house.Can I claim deduction u/s 54 of Capital gain?. And Can the I take deduction for both the above properties by purchaseing of 1 Residential property worth the same amount of captial gain which have incurred on Selling of Both the above properties. is there any provision for this situation.
CA MANOJ GUPTA
(Expert)
30 June 2011
U WILL GET EX UNDER SECTION 54F IN RESPECT OF CAP GAIN ON PLOT AND UNDER SECTION 54 IN RESPECT OF CAP GAIN ON SALE OF HOUSE
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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